Zion Market Research, the market research group announced the analysis report titled ‘Optical Coating Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024’
Global Optical Coating Market: Overview
An optical coating can be defined as one or more thin layers of substance deposited on the optical components such as mirror or lens. Due to this the way in which the optic transmits or reflects light alters. Various type of metal coatings used in the optical coatings is aluminum, silver, gold, and others. The optical coating can be applied to different substrates such as metal, plastic, glass, polymers in order to reduce reflection and enhance light transmissivity. An antireflection coating that is used in the photographic and spectacle lenses helps in reducing the unwanted reflections from lens surfaces.
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Global Optical Coating Market: Growth Factors
The growth in consumer electronics and high-resolution display market is driving the growth of the global optical coating market. Increasing use of optical coating in the automobile industry has opened up new growth opportunities in the global market. Automobile manufacturers are engaged in providing innovative infotainment system and advanced automobile displays which anticipate the market growth in the future. Increasing use of optical coatings in fiber optics and laser applications in order to get efficient light transmission propels the demand of optical coating. Rising use of optically coated glass in the construction and infrastructure development is anticipated to fuel the market growth. However, fluctuating raw material price may hinder the market growth.
Global Optical Coating Market: Segmentation
The global optical coating market is classified based on the end-use industry as transportation, electronics & semiconductor, solar, telecommunication/optical communication, infrastructure, military & defense, medical, and others. Based on the types, the global market is segregated as transparent conductive coatings, anti-reflective coatings, electrochromic coatings, beamsplitter coatings, high reflective coatings, filter coatings, and others. On the basis of technology, the global optical coating market is segmented as vacuum deposition, on-assist deposition sputtering process, and e-beam evaporation.
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Global Optical Coating Market: Regional Analysis
North America is expected to be a major revenue generator of the global optical coating market. Increasing demand for improved technologies and higher investment by the defense industries for innovative equipment and technologies boost the growth of the global optical coating market. Industrial developments coupled with significant growth in the increasing foreign investments in Asia Pacific region contributes to the largest market share. Exponential growth in the population and rising spending capability of consumers in developing countries such as Taiwan, China, and India is expected to drive the optical coating market. Higher spending on the R&D activities and new innovative technologies in the defense, automotive, and aerospace sectors in the European region has positively influenced the global market. The rise in the number of migrants in Western Europe and the North America has increased the need for residential infrastructure, thus increasing the demand for the optical coatings. Stringent regulations are imposed by the government to build energy efficient buildings in the Middle East and Africa which anticipate propelling the market demand in the next few years.
Global Optical Coating Market: Competitive Players
Prominent players in the global optical coating market are Inrad Optics, Abrisa Technologies, Cascade Optical Corporation, Newport Corporation, Schott AG, and PPG Industries.
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Optical Coating Market by Geographical Analysis: North America( U.S.), Europe( UK, France, Germany), Asia-Pacific (China, Japan, India), Latin America( Brazil), Middle East and Africa
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